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Do you want to know which is the better broker between MTrading and Swiss Markets ?
In the table below, you can compare the features of MTrading , Swiss Markets side by side to determine the best fit for your needs.
EURUSD:0.2
EURUSD:1.8
EURUSD:26.5
XAUUSD:26.29
EURUSD: -8.44 ~ -0.88
XAUUSD: -11.85 ~ -3.8
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You can determine the reliability and credibility of a broker by checking four factors:
1.Forex broker introduction。
2.Are the transaction costs and expenses of mtrading, swiss-markets lower?
3.Which broker is safer?
4.Which broker provides better trading platform?
Based on these four factors, we can compare which is reliable. We have broken down the reasons as follows:
Broker Name | MTrading |
Registered in | Saint Kitts and Nevis |
Regulated by | NFA |
Year(s) of establishment | 5-10 years |
Trading instruments | Forex pairs, commodities, stocks, cryptocurrencies, indices |
Minimum Initial Deposit | $10 |
Maximum Leverage | 1:1000 |
Minimum spread | 0.0 pips onwards |
Trading platform | MT4 and its own mobile application |
Deposit and withdrawal method | electronic payment systems, bank cards, and wire transfer options |
Customer Service | Email, phone number, address, live chat |
Fraud Complaints Exposure | Yes |
Negative balance protection | Yes |
It is important to note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies. In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.
In this review, if there is a conflict between the image and the text content, the text content should prevail. However, we recommend that you open the official website for further consultation.
Pros:
Cons:
MTrading is a Market Making (MM) broker, which means that it acts as a counterparty to its clients in trading operations. That is, instead of connecting directly to the market, MTrading acts as an intermediary and takes the opposite position to its clients. As such, it can offer faster order execution speed, tighter spreads and greater flexibility in terms of the leverage offered. However, this also means that MTrading has a certain conflict of interest with their clients, as their profits come from the difference between the bid and ask price of assets, which could lead to them making decisions that are not necessarily in the best interests of their clients. It is important for traders to be aware of this dynamic when trading with MTrading or any other MM broker.
MTrading is a global forex and CFD broker that was established in 2013. It offers trading services to both retail and institutional clients. MTrading provides its clients with access to over 100 trading instruments, including forex, commodities, and indices, with flexible leverage options of up to 1:1000. The company offers three types of accounts to cater to different trading needs and experience levels. In addition to its trading services, MTrading also provides educational resources and copy trading capabilities to its clients.
In the following article, we will analyse the characteristics of this broker in all its dimensions, providing you with easy and well-organised information. If you are interested, read on.
MTrading is regulated by the National Futures Association (NFA) in the United States. The company holds a Common Financial Service License, with the license number 0555516. This license is issued to FINVEST SOLUTIONS LIMITED. The regulatory status of this license is currently listed as “General Registration.”
Advantages | Disadvantages |
Popular trading instruments are available | High risk associated with some of the trading instruments, such as cryptocurrencies |
Challenging for traders to conduct thorough analysis and risk management |
MTrading offers various trading instruments for traders to choose from. With access to currencies, stocks, cryptocurrencies, indices, commodities, and other highly liquid financial assets, traders have the opportunity to diversify their portfolios and take advantage of market trends across multiple markets. However, the limited information available about the trading instruments and their underlying assets may make it challenging for traders to conduct thorough analysis and risk management. Finally, traders should be aware of the high level of risk associated with some of the trading instruments, such as cryptocurrencies, which may not be suitable for all traders and can result in significant financial losses.
Advantages | Disadvantages |
Competitive spreads on all account types | Commission charged on the M.Pro account |
No commission charges on M.Cent and M.Premium accounts | |
Transparent trading specifications available for all accounts | |
Low minimum deposit requirements on all account types |
MTrading offers competitive spreads on all account types, ranging from 0 pips on the M.Pro account to 1 pip on the M.Cent and M.Premium accounts. The M.Cent and M.Premium accounts do not have any commission charges, while the M.Pro account charges a commission of 4USD per standard lot traded. The trading specifications are transparent and available for all accounts, allowing traders to make informed decisions based on the trading conditions. Another advantage is the low minimum deposit requirements on all account types, which makes trading accessible for a wider range of traders. However, the disadvantage of the commission charge on the M.Pro account may be a consideration for some traders.
Advantages | Disadvantages |
M.Cent account allows for micro lot trading, making it easy for beginners to start trading with just $10. | The low starting capital of M.Cent account means that there is a limit to how much profit can be made. |
M.Premium account offers over 100 trading instruments and requires a starting capital of just $100. | The limited account types offered by MTrading may not be suitable for all traders. |
M.Pro account provides access to zero spread trading with a commission of $4USD and requires a starting capital of $500. | The zero spread feature of M.Pro account comes with a commission which can increase trading costs. |
MTrading offers three different account types to cater to the needs of different types of traders. The M.Cent account is ideal for beginners who are just starting with trading and want to practice with micro lot trading, requiring a low minimum deposit of $10. The M.Premium account offers a wider range of trading instruments and is suitable for traders with some experience who want to trade with larger positions, asking a minimum deposit of $100. Finally, the M.Pro account is designed for more experienced traders who want to take advantage of zero spread trading with a commission of $4USD. This account requires a high minimum deposit of $500. Overall,low starting capital requirement of M.Cent and M.Premium accounts makes it easy for traders to start trading with MTrading.
Advantages | Disadvantages |
MT4 is a popular and widely used trading platform that is highly customizable and user-friendly | The company does not offer any other trading platforms besides MT4 |
MTrading also offers its own mobile trading application for convenient trading on-the-go | The mobile application may have limited features compared to the desktop version of MT4 |
MT4 supports a wide range of technical indicators, expert advisors, and algorithmic trading strategies | Some traders may prefer a more advanced platform with additional features and tools |
MT4 has a large and active online community, which provides access to a wealth of resources, such as forums, educational materials, and custom indicators | The platform may be overwhelming for new traders who are not familiar with its features and functionality |
MTrading offers its clients the popular MT4 platform, which is widely used and highly regarded by traders around the world. MT4 is a customizable and user-friendly platform that supports a wide range of technical indicators and trading strategies. The platform also has a large and active online community that provides access to a wealth of resources for traders. In addition, MTrading also offers its own mobile trading application, which provides convenience for traders who need to manage their trades on-the-go. However, some traders may prefer a more advanced platform with additional features and tools, and the mobile application may have limited features compared to the desktop version of MT4.
Here is a video about their own app on their official YouTube channel.
Advantages | Disadvantages |
High Leverage allows for potential higher profits with smaller capital | High leverage can magnify losses, leading to a larger risk of losing capital |
Traders can open larger positions with smaller amounts of funds | High leverage requires responsible risk management to avoid significant losses |
Leverage can offer more trading opportunities and flexibility | Overuse of leverage can lead to overtrading and emotional decision making |
MTrading offers a maximum leverage of up to 1:1000, which is significantly higher than what is typically offered by regulated brokers. While high leverage can offer traders the potential for higher profits with smaller amounts of funds, it can also magnify losses and increase the risk of losing capital. Traders must exercise responsible risk management and avoid overuse of leverage to avoid significant losses. High leverage can offer more trading opportunities and flexibility, but it also requires careful monitoring of positions and market movements. It is important for traders to have a solid understanding of leverage and its potential risks before using it in their trading strategy.
Advantages | Disadvantages |
Flexible deposit and withdrawal options | Limited options for certain regions |
Variety of electronic payment systems, bank cards, and wire transfer options | Some deposit and withdrawal methods may incur additional fees |
Convenient and fast processing time for deposits and withdrawals | Withdrawals may take longer for certain payment methods or in some cases due to regulatory requirements |
MTrading offers a wide range of flexible and convenient ways to deposit and withdraw funds. Clients can choose from a variety of electronic payment systems, bank cards, and wire transfer options to make deposits or withdrawals. The processing time for deposits is fast, and the withdrawal processing time depends on the payment method used, with some methods taking longer than others. However, there may be additional fees for certain deposit and withdrawal methods, and some regions may have limited options available. Overall, MTrading provides its clients with a convenient and reliable service for managing their funds.
Advantages | Disadvantages |
Comprehensive educational resources | No live webinars or educational courses |
Free access to articles, news, and technical analysis | Limited resources for beginner traders |
Educational resources updated regularly | Limited video resources |
MTrading provides a range of educational resources to help traders stay informed and improve their trading skills. The company offers free access to articles, news, and technical analysis, providing a comprehensive overview of the latest trends and market conditions. These resources are updated regularly to ensure traders are always up to date with the latest developments in the financial markets. However, MTrading doesn't offer live webinars or educational courses, which may limit the opportunities for beginner traders to learn and improve their skills. Additionally, the company has limited video resources, which may also be a disadvantage for some traders. Overall, the educational resources offered by MTrading are comprehensive and up to date, providing valuable insights and analysis for traders looking to stay informed and make informed trading decisions.
Advantages | Disadvantages |
Can be a time saver for beginner traders | May result in blindly following a strategy without understanding its rationale |
Allows access to experienced traders strategies and trades | Copy trading fees can be expensive and add up over time |
Reduces emotional trading by removing the need for constant decision making | Copy trading performance is highly dependent on the performance of the trader being copied |
Can be customized to fit individual risk preferences | Not all traders are available for copy trading |
No need for extensive market knowledge | Copy trading may not be suitable for all trading styles and preferences |
MTrading offers the copy trading feature, which allows traders to automatically replicate the trades of experienced traders on the platform. This feature can be beneficial for beginner traders who lack the necessary skills and knowledge to make profitable trades independently. Copy trading can be customized to fit individual risk preferences and can reduce emotional trading by removing the need for constant decision making. However, copy trading comes with its own set of disadvantages, such as blindly following a strategy without understanding its rationale, copy trading fees that can add up over time, and copy trading performance being highly dependent on the performance of the trader being copied. Therefore, traders need to carefully consider the pros and cons of copy trading before deciding to use this feature.
Advantages | Disadvantages |
Comprehensive FAQ section | Limited customer service channels |
Efficient social media presence | Response time may be slow due to high volume of inquiries |
Online chat available for assistance | Limited availability for personalized support |
There are only a few social media accounts, an online chat button, and an extensive FAQ section available for customer care on MTrading. While the FAQ section is detailed and informative, the lack of multiple contact options may not be enough for some clients who require immediate assistance. The support team's response time may be slow due to the large volume of requests.
MTrading appears to be an online broker that offers a wide range of trading instruments, flexible account types, and platforms suitable for both novice and experienced traders. The company also provides various educational resources such as articles, news, and technical analysis to assist traders in making informed decisions. The leverage offered by MTrading is also high, up to 1:1000, allowing traders to increase their potential profits. Overall, MTrading seems to be a good option for traders seeking a diverse range of trading options and educational resources.
What is the minimum deposit to open an account with MTrading?
The minimum deposit for M.Cent account is only $10, for M.Premium account is $100 and for M.Pro account is $500.
Is MTrading a good broker for beginners?
No, MTrading is not a good choice for beginners.
Does MTrading offer copy trading?
Yes, MTrading provides copy trading for its clients.
How can I deposit and withdraw funds with MTrading?
MTrading provides a variety of electronic payment systems, bank cards, and wire transfer options for deposit and withdrawal of funds. The company also allows internal transfers between accounts of its clients.
Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.
Swiss Markets Review Summary | |
Founded | 2016 |
Company Name | BDS Swiss Markets Global Services Ltd |
Registered Country/Region | Mauritius |
Regulation | CYSEC (Regulated) |
Trading Instruments | Forex, Metals, Energy, Commodities, and Indices |
Demo Account | Available |
Swap-free Account | Available |
Trading Platform | MT4 |
Minimum Deposit | $200 |
Customer Support | Phone: +44 (20) 36709704; +49 3021446981; +34 (91) 0756974; +357 25262934; Email: support@swissmarkets.com; Online Messaging |
Swiss Markets, a subsidiary of BDS Swiss Markets Global Services Ltd, is an online forex and CFD broker that has been operational since 2016. It provides investors with various trading assets, including Forex, Metals, Energy, Commodities, and Indices. The company is registered in Mauritius and regulated by the Cyprus Securities and Exchange Commission (CYSEC).
Despite being a regulated entity, Swiss Markets has been identified on a list of blocked websites issued by the Ministry of Trade, Indonesia, on February 2, 2022, citing unauthorized commodity futures trading. This is a significant red flag for potential investors considering using their platform.
Pros | Cons |
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It is regulated by the Cyprus Securities and Exchange Commission (CYSEC), ensuring it adheres to strict regulatory standards.
It offers appealing spreads and commissions, which can help traders keep their trading costs low.
It supports the popular MT4 trading platform, which provides advanced charting tools, automated trading through Expert Advisors (EAs), and a secure trading environment.
It provides various methods for deposits and withdrawals, offering flexibility and convenience to clients.
It has been marked out on the WikiFx warning list, which can raise concerns about its credibility and reliability. It's always important for traders to do their due diligence when choosing a broker.
Swiss Markets is regulated by the Cyprus Securities and Exchange Commission (CYSEC), which generally offers a degree of reassurance that they adhere to specific regulatory standards for fair trading and client transparency. However, despite regulation status, Swiss Markets have been flagged up due to their presence on a warning list issued by WikiFX, a platform providing broker service information and more.
Swiss Markets is part of a list of brokers that have been flagged as potentially dangerous by a regulatory authority. On February 2, 2022, these brokers had an adverse disclosure issued by the Ministry of Trade in Indonesia. This listing blocks several websites due to their participation in illegal commodity futures trading and gambling under the pretense of trading.
The exposures concerning Swiss Markets generally focus on issues related to withdrawals and deceptive practices. Users commonly reported experiencing troubles when trying to withdraw their funds - unexpected fees were sometimes introduced and withdrawals would either take an excessively long time or not be processed correctly, often leading to additional costs. Furthermore, some users also pointed out concerns relating to the handling of deposits and unexpected trade anomalies after depositing significant amounts. The issues were not satisfactorily resolved, even after multiple complaints, casting doubts about the platform's reliability and trustworthiness.
Forex: This involves trading in the global currency market, offering a range of currency pairs for trading.
Metals: This category allows users to trade in precious metals such as gold and silver.
Energies: Swiss Market clients have the opportunity to trade in energy commodities, including crude oil and natural gas.
Indices: This platform provides global indices allowing traders to gain exposure to various sectors of different economies.
Equities: Clients can also opt to trade in equities, providing an opportunity to invest and trade in various company shares.
Swiss Markets offers two primary account types, the STP Classic and the STP Raw, both with a minimum deposit of $200. The STP model is a mechanism in the financial market that allows direct trades between buyers and sellers without going through an intermediate exchange or any other form of processing. This implies a non-dealing desk environment where trade orders are automatically processed by the system, eliminating the need for a manual dealing desk.
Swiss Markets offers different levels of leverage depending on the account type and the market instrument being traded. For Forex trading, the leverage is quite high - it can go up to 1:500 for the STP Classic account and up to 1:200 for the STP Raw account. For other trading categories, such as Metals, Energies, Indices, and Equities, the leverage is set at 1%, or equivalently a ratio of 1:100. This applies uniformly on both STP Classic and STP Raw account types.
It's important to note that while higher leverage can magnify profits, it can also increase potential losses. Therefore, it should be used judiciously and traders should have a well-thought risk management strategy in place.
Spreads | Commissions | |||
STP Classic | STP Raw | STP Classic | STP Raw | |
Forex | 0.9 pips | 0 pips | No | 11 |
Precious Metals | 22 points | 18 points | 5 | |
Energies | 55 points | 35 points | ||
Stock Indices | Fixed | Fixed | 2 |
Swiss Markets operates with two different account types, STP Classic and STP Raw, each with its unique spread and commission structure. They have designed these structures to cater to a diverse range of trading needs.
For the STP Classic account, spreads are set low and no commissions are charged across Forex, Precious Metals, and Energies trading. However, there is a minimal fixed commission for Stock Indices.
Conversely, in the STP Raw account, they offer extremely low or even zero spreads in Forex trading. This tighter spread is also evident in Precious Metals and Energies trading. This lower spread does come with a commission fee. In the case of Stock Indices, like with the STP Classic, spreads are fixed with a small commission charge.
Swiss Markets offers the MetaTrader 4 (MT4) trading platform, a comprehensive platform that offers a variety of features to aid traders in executing their strategies, one of the most popular and widely used trading platforms in the world. It's available across multiple devices including Windows, Mac, iOS, and Android, offering flexibility and convenience to its users.
Deposit & Withdrawal
Swiss Markets offers a diverse range of deposit and withdrawal methods, including Visa, Mastercard, Maestro, Postepay, Giro Pay, Swift, Sofort, EPS, iDeal, Przelewy24, Skrill, and Neteller. Most methods support various currencies and process deposits immediately. Swift,however, can take 1-4 working days for deposits to process.
When it comes to withdrawals, Visa, Mastercard, Maestro, Skrill, Neteller, and Swift manage this within 24 hours. Postepay, Giro Pay, Sofort, EPS, iDeal, and Przelewy24 do not support withdrawals.
For a detailed breakdown of the deposit and withdrawal methods, supported currencies and timeframes, clients can refer to the table provided.
Swiss Markets is a broker that is regulated by the Cyprus Securities and Exchange Commission. They offer broad accessibility with a user-friendly interface, multidimensional trading analysis tools via the MT4 platform, and diverse methods for deposits and withdrawals. They prioritize client fund safety, with a minimum deposit of $200, and ensure swift processing of transactions. However, being flagged on the WikiFx warning list signals the need for users to conduct their own due diligence.
Q: How much money do I need to put in to open an account?
A: The minimum deposit for starting a new account is $200.
Q: Is Swiss Markets regulated?
A: Yes, the broker is regulated by the Cyprus Securities and Exchange Commission (CYSEC) however recently was flagged by the Ministry of Trade in Indonesia for unauthorized activity.
Q: What trading platform does Swiss Markets use?
A: Swiss Markets uses the MetaTrader 4 platform, under a white-label license.
Q: Why is Swiss Markets on a warning list?
A: The Ministry of Trade in Indonesia listed Swiss Markets on a warning list for illegal commodity futures trading.
Q: How can I contact Swiss Markets?
A: Swiss Markets can be contacted via phone: +44 (20) 36709704; +49 3021446981; +34 (91) 0756974; +357 25262934; Email: support@swissmarkets.com. And online messaging on the website is also available.
Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies.
In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.
To compare transaction costs across different brokers, our experts analyze the transaction-specific fees (such as spreads) and non-trading fees (such as inactivity fees and payment costs).
To get a comprehensive understanding of how cheap or expensive mtrading and swiss-markets are, we first considered common fees for standard accounts. On mtrading, the average spread for the EUR/USD currency pair is from 1 pips, while on swiss-markets the spread is --.
To determine the safety of our top brokers, our experts will consider many factors. This includes which licenses the broker holds and the credibility of these licenses. We also consider the history of brokers, because long-term brokers are usually more reliable and trustworthy than new brokers.
mtrading is regulated by NFA. swiss-markets is regulated by CYSEC.
When our experts review brokers, they will open their own accounts and trade through the broker's trading platform. This enables them to comprehensively evaluate the quality, ease of use, and function of the platform.
mtrading provides trading platform including M.Cent Account,M. Premium Account,M. Pro Account and trading variety including currency pairs (majors, minors and exotics), spot metal CFDs. swiss-markets provides trading platform including RAW STP - SWISS11,CLASSIC STP ACCOUNT and trading variety including --.